LED Phosphor - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global LED Phosphor market is accounted for $1.32 billion in 2018 and is expected to reach $6.37 billion by 2027 growing at a CAGR of 19.1% during the forecast period. While the factors like, growing prevalence for the devices which consume less energy and increasing concern towards the environment safety are driving the market growth. However, poor colour rendering compared to conventional incandescent bulbs is likely to hamper the growth of the market.
A LED phosphor is defined as a substance that emits light, when exposed to radiation such as electron beam, or an ultraviolet light. Different phosphors have different distinctive colours of emission and phase of time through which light is emitted after excitation ceases. Phosphors are necessary in LED technology as phosphor chemistry and composition largely determine an LED’s efficiency, stability and light quality.
By application, automotive segment is likely to have a huge demand in the forecast period due to the fall in prices that has helped the LED phosphor spread to a range of categories of vehicles. The external lighting of vehicles drives the automotive lighting.
On the basis of geography, Asia Pacific is estimated to have a lucrative growth due to the countries such as Japan, China, and South Korea are broadly involved in manufacturing process of consumer electronics such as LCD TV & displays and LED, lighting equipment, portable PCs such as laptops & smart phones, and automotive parts.
Some of the key players in LED Phosphor Market include Avago Technologies, Citizen Electronics Co. Ltd, Cree Inc, Denka Co. Ltd, Edison Opto Corporation, Intematix Corporation, Kingbright Elec. Co, Luming Technology Group Co. Ltd, Mitsubishi Chemical Corporation, Nichia Corporation, Nichia Corporation, Osram Sylvania Inc, Philips Lumileds Lighting Company, Phosphor Tech Corporation and Yuji International Co. Ltd.
Product Types Covered:
• Nitride Phosphors
• Silicate Phosphors
• Aluminate Phosphors
• Garnet Phosphors
• Silver-Activated Zinc Sulfide
• Copper-Activated Zinc Sulfide
• Modular Light Engine
• Direct Contact
• Remote Phosphor
• Package Free
• Thin Film
• Embedded LED Chip (ELC)
• Other Technologies
• Green Phosphor
• Red Phosphor
• Red-Orange Phosphor
• Blue Phosphor
• Yellow Phosphor
• Portable PC’s (Netbooks)
• Liquid-Crystal-Display Televisions (LCD TV)
• Consumer Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.